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GBPUSD: Trading The Electoral Gap Yesterday's low did not quite close the gap created by the UK elections. However the trend and resistance levels favour of another attempt lower, whilst we trade below 1.5370 At current levels we could see a quick conclusion to this trade plan...
The USDJPY has finally broken out of its 6-month consolidation pattern and looks likely to continue higher. Though looks can be deceiving! Either way it's currently going gang busters and testing out the FletcherGoldman strategy...bring it on...
The strong selloff in EURUSD since the start of last week suggests that the long-term downtrend may be resuming after a sub-50% retracement in April and early May. Friday's big Bearish Engulfing Candle, along with the break back below key previous-resistance-turned-support at 1...
According to an announcement that has come from British Columbia’s Simon Fraser University (SFU), the campus bookstore would begin accepting Bitcoin payments starting 26th May...
CHF/JPY: Long Position has been opened on May 6. The pair was low in the ranking list for about 2 weeks until yesterday and is now back in the Top 10 with a rank of 6...
German-based Commerzbank said in a recent report that it sees more potential for gold priced in euros, as lingering speculation on when the U.S. central bank lefts rates continue to pressure the U.S. gold market...
The basic elements of the strategy are as follows: 1. Identify a market that is in a bear trend on the 5 minute chart 2. Wait for a retracement in which the low of latest candle is above the 20 EMA 3. Go short, targeting the low of the day...
2015-05-27 15:00 GMT (or 17:00 MQ MT5 time) | [CAD - Overnight Rate] past data is 0.75% forecast data is 0.75% actual data is 0.75% according to the latest press release if actual > forecast (or previous data) = good for currency (for CAD in our case...
Dollar remained broadly supported against the basket of other major currencies amid renewed expectations of rate hike in the U.S. this year. Gold touches two-month low. Reports released on Tuesday indicated that U.S...
The yellow metal was fluctuating during the recent sessions, however, remaining below the psychological $1,200/oz level...
I think everyone wants to see fair prices in the Market. Of course a customer could tell that 0$ is fair enough, but as a developer I can think otherwise. After all, I'm not asking for thousands of bucks. I just want to find a balanced answer...
In the early U.S. trade, gold prices were near unchanged levels and after slipping to a two-week low overnight. Although the gold market currently sees little demand from the Greek debt matter, this could shift if the situation with Athens and its debt burden worsens, says Kitco News...
On Wednesday the greenback climbed to eight-year peak versus the yen, as upbeat data released Tuesday continued to boost demand for the dollar...
According to data compiled by Bain and Co, China is a home for more than one million millionaires, as private wealth soars in the country. The biggest concentration - at least 100,000 - is in Guangdong province, just over the border from Hong Kong, says CNNMoney...
The Organization for Economic Cooperation and Development (OECD) underlined in a report, the rebound from the financial crisis is still weak and uneven. This slows economic growth in developed countries for the second quarter in early 2015...
Interview with Al Brooks, price Action day trader and the author of 'Trading Price Action Reversals'
1. Brooks is a price action trader with 27+ years of experience. 2. He is an active day trader, trading off the 5 minute chart. He trades the entire day. 3. He has a purely technical approach, relying totally on price action with just a few moving averages. 4...
European stocks recover on Wednesday after losing ground in the previous session, as Greek jitters and a commodity squeeze receded...
Deutsche Boerse AG and two Chinese exchanges are establishing a joint venture called China Europe International Exchange to offer yuan products, with the aim to provide European investors with bigger access to the world’s second-largest economy...
China has founded its largest gold-investment fund in history, totaling 100 billion yuan ($16 billion), which aims to invest in mining projects in the region and strengthen Chinese influence in global gold markets...
